Car export for the month of April dropped 14.37 percent to 68,900 units from last April’s 80,400 units, representing the lowest export in 48 months.
Mr Surapong Paisitpattanapong, spokesman of the automotive industry of the Federation of Thai Industries noted that the export decline was in line with a drop in car production, with production in April having dropped 12.85 percent to 120,000 units – the lowest production drop in 64 months.
Except for markets in Asia and Australia, car export to the rest of the world dropped in April in line with global economic slowdown.
Domestic car sale for the month of April increased 15.1 percent to 63,200 units compared to 54,900 units recorded for the same period last year, thanks to increased purchasing power from improved farm prices, introduction of new car models and motor exhibitions.
Pandemic drives sea freight prices to record high
The Covid-19 pandemic, which initially brought global shipping to a virtual standstill, did not bode well for the industry and led to “an unprecedented drop in demand”
Thailand and EU resume FTA negotiations
Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.
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